Long read, 4 pages worth but will only post 1 due to rules
https://www.espn.com/nba/insider/insider/story/_/id/33785223/nba-offseason-guide-2022-next-moves-team
Looking at the big picture, the 2021-22 season was a success for the Minnesota Timberwolves. They won multiple playoff games for the first time since 2004 and their 46 regular-season wins were their second-most in the past 17 seasons.
The short-term outlook, however, will view the first-round playoff loss to the Memphis Grizzlies as a missed opportunity. The second-youngest team in the playoffs lost three games it led by double-digit points in the fourth quarter.
While we can chalk that up to inexperience, history has shown that there is no guarantee that Minnesota will be in position to advance to the second round in the future. The nucleus of this roster returns but so does a Western Conference that projects to be the strongest in recent years.
State of the roster
Roster status: Playoffs but beware of a deep Western Conference
Karl-Anthony Towns
He joined Kevin Durant as only the player to average 20 points, 50% shooting and 40% on 3-pointers in four seasons.
It is no coincidence that the last time Towns earned All-NBA honors was in 2018, the last year Minnesota reached the playoffs before 2022.
All-NBA honors could represent a financial windfall for Towns. Because he is set to reach seven years of service in July, Towns is eligible to sign a four-year, $210.9 million supermax extension if his name is on any of the three teams.
2024-25 | $47.1M
2025-26 | $50.8M
2026-27 | $54.6M
2027-28 | $58.4M
A $47.1 million cap hit in 2024-25 is significant but Minnesota is set to have cap flexibility in the 2023 offseason to retool the roster before the supermax extension of Towns and likely rookie extension of Anthony Edwards is set to begin.
In the scenario that he is not named All-NBA, Towns is extension eligible but for significantly less money: three years and $130.7 million total.
D'Angelo Russell
Russell's tenure to date in Minnesota is best described as unfinished.
The Timberwolves were plus-7.1 points per 100 possessions when both Towns and Russell were on the court.
Russell also finished the season averaging 7.1 assists, the most in his career. Per ESPN Stats & Information, he is one of three players (Tyrese Haliburton and Chris Paul) to average at least seven assists and 2.5 or fewer turnovers.
Now entering the offseason, Russell is extension eligible, and Minnesota has a decision to make. Minnesota can sign him up to a four-year extension contract that begins in 2023-24 or preserve cap flexibility in the 2023 offseason. The Timberwolves have $80 million in salary in 2023 and a small window to use room before a new contract for Towns and Anthony Edwards kicks in.
The decision with Russell this offseason will be an indicator if the Timberwolves are willing to lock up the former All-Star to a long-term contract or if there is a desire to look to add free agents in 2023.
Team needs
Depth at small and power forward
Resources to build the roster
The draft: four selections
Future first-round picks
Exceptions: $10.3M midlevel, $4.1M biannual and $4.8M trade
$50M of expiring contracts
Cash: $6.3M to send or receive in a trade
Dates to watch
JUNE 29: Jaylen Nowell and Naz Reid both have a $1.9 million team option. While it seems like a no-brainer to pick them up considering their below-average salary, picking up the option would see both players become unrestricted free agents in 2023. If the options are declined, Minnesota would tender both players a $2.2 million qualifying offer by June 29, making them restricted free agents this summer. The downside to that move is that both currently have a $2 million cap hold in 2023 and the Timberwolves could lose significant cap flexibility. The two players are also extension eligible (more on that below) if the option is exercised.
JUNE 29: Former first-round pick Josh Okogie failed to reach starter criteria (41 starts or 2,000 minutes) and will see his qualifying offer drop from $7.9 million to $5.9 million. Okogie saw his minutes sliced in half this season (20.3 to 10.5) and has played sparingly since the All-Star break. Two-way players McKinley Wright IV ($50K) and Nathan Knight ($50K) are also eligible to receive a qualifying offer.
Restrictions
Reid and Nowell cannot be traded until their team option is exercised.
Karl-Anthony Towns has a 15% trade bonus. The bonus is valued at $5 million if Towns is traded.
The draft
Minnesota has four draft selections in June, including a first and three seconds. They own their first in all future years.
Here's how ESPN's Jonathan Givony and Mike Schmitz have Minnesota selecting in June:
No. 19 (own): Nikola Jovic, Mega Mozzart, SF
No. 40 (via WAS): Justin Lewis, Marquette, SF/PF
No. 48 (via CHI): Keon Ellis, Alabama, SG/SF
No. 51 (via DEN): Jalen Williams, Santa Clara, SF